Are you planning on buying a house soon? Learn how mortgage life insurance might be the best way to protect your investment.
Mortgage Life Insurance is an innovative product that provides security for your family in the event of your death. At AIME, we have created a transparent, flexible, and affordable mortgage life insurance product that offers you many benefits over traditional MLI, such as:
- Greater flexibility: You get to choose your beneficiary and they can decide how the insurance payment should be used, providing peace of mind during a difficult time
- Portability: If you choose to change banks during the course of your mortgage, it simply moves with you
- More affordable costs: We have lower overhead costs, which means we can offer you lower premiums that don’t increase throughout the lifetime of your policy
BENEFITS OF MORTGAGE INSURANCE
Mortgage Insurance Calgary
At 20/20, we pride ourselves on offering transparent and simple mortgage life insurance at great costs to help keep your family protected during some of life’s hardest moments. From disability coverage to critical illness insurance, we are able to meet all your unique insurance needs.
When to Get Mortgage Life Insurance
In order to determine whether you would benefit from Mortgage Life Insurance, you must ask yourself a few simple questions:
1. In the event of your premature death or unexpected disability, who will have to shoulder your debt? Will they be able to manage it?
2. Can your family afford the mortgage payments without your income?
3. How many years do you have left until your mortgage is paid off?
4. Do you have enough life insurance to cover your mortgage in case of your unexpected death?
5. Do you have an emergency fund that will help you continue paying for your mortgage if you’re out of work for an extended period of time, whether it’s due to illness or disability?
From these questions, it is easy to see that most people who hold a mortgage would benefit from Mortgage Life Insurance. But is there any time you should specifically choose 20/20 Mortgage Life Insurance over other options?
Yes! Here are some of the scenarios in which 20/20 MLI might be the best option:
- You have a major health risk. When you apply for 20/20 MLI, it doesn’t require a medical exam or extensive underwriting. This makes it a great option for people who have a major health risk.
- You have a high-risk occupation: If you work in a high-risk job, such as construction, you may not be able to get traditional disability insurance. However, you can add disability insurance to your 20/20 MLI policy for full coverage.
- You are newly married: If you are newly married and are planning on starting a family, you need a cost-effective way to protect your home and provide security for your spouse and growing family. 20/20 MLI is the perfect option for this.
- You want greater control: If you’re looking for MLI that is more transparent, fair, and honest, and that requires a simple and quick application, then 20/20 MLI is for you.
Call Us Today
If you’ve never thought about mortgage life insurance, it’s time. Call us at 1-844-974-2020 or fill in our online contact form to discuss your options and find out which 20/20 Mortgage Life Insurance products are right for your family.
